6.17 ETH Market Depth Analysis and Trading Strategy

【Market Review】

ETH experienced a "roller coaster" market in the early morning, first soaring to 2680 before quickly retreating, dropping to a low of 2520, nearly erasing all of yesterday's gains. This "needle-shaped" upward and downward movement fully exposes the current market's fragility.

【Key Level Analysis】

Support Levels Downward Adjustment:

The primary intraday support is at 2450 (Fibonacci 38.2% retracement level)

Strong support area 2400-2420 (previous low + 50-day moving average overlap)

Resistance Levels Adjustment:

Short-term rebound resistance at 2660 (yesterday's high coinciding with the upper Bollinger Band)

Key pressure level at 2700 (psychological barrier + previous high position)

【Intraday Trading Strategy】

▶ Short Position Layout Plan:

Aggressive traders can gradually build positions in the 2630-2660 range

Conservative traders should wait for a rebound to around 2680 before entering

Target levels successively downward at 2550 → 2450